ETF Filings
Aptus files the Aptus Nasdaq-100 Enhanced Yield ETF, JUCQ, targeting distributions of 5% to 12%
Nicholas Fixed Income Alternative ETF
$17.26−0.01 (−0.06%)
- 0.97%
- $121M
- +3.7%
- 8.19%
- 13.6K sh
- low $16.93high $18.30
The ETF.net FIAX Grade
D
Score 37 out of 100
- 11 of 14
Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F16 out of 100Rank 12 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 5 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 10 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B56 out of 100Rank 6 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C48 out of 100Rank 9 of 14
Our read on FIAX
In short
DMost options-income funds write calls on stocks. FIAX holds short-term U.S. Treasuries and runs a defined-risk options overlay on ETFs and indexes for the income, then measures itself against the Agg. A bond-shaped wrapper around an options engine.
Stated mandate
The Fund seeks current income through short-term U.S. Treasury fixed income securities combined with a defined-risk option premium strategy using options on ETFs and securities indices.
Why people hold it
Worth knowing
FIAX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
FIAX$10,374
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FIAX |
|---|---|
| Year to date | +2.8% |
| 1 month | +2.2% |
| 3 months | +0.8% |
| 1 year | +3.7% |
| 3 years | +4.3% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FIAX |
|---|---|---|
| 2026 YTD | +2.8% | |
| 2025 | +2.3% | |
| 2024 | +4.7% | |
| 2023 | +3.5% | |
| 2022 | −0.3% |
FIAX in the news
FIAX Dividends
- 8.19%
- $1.42
- $0.11 per share
- Monthly
FIAX Risk
- 3.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.04
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −6.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.42
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
FIAX Cost
Overpaying vs TLTW, cheapest in Treasury Option Income
$11,072
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FIAX 0.97%
$18,198
TLTW 0.35% Cheapest
$7,126
Cost over time
Year by year
| Year | FIAX | TLTW | Overpaying |
|---|---|---|---|
| 10 | $1,712 | $634 | $1,078 |
| 20 | $6,443 | $2,454 | $3,989 |
| 30 | $18,198 | $7,126 | $11,072 |
Other funds in Treasury Option Income
- CDEFRAptus Deferred Income ETFExpense ratio 0.79%1 year return +0.4%
- CLQDMAmplify LQD Investment Grade 12% Target Income ETFExpense ratio 0.54%1 year return
- DHYGMAmplify HYG High Yield 10% Target Income ETFExpense ratio 0.79%1 year return
- DLTTIFT Vest 20+ Year Treasury & Target Income ETFExpense ratio 0.65%1 year return −5.3%
- FFIYYGraniteshares YieldBOOST 20Y+ Treasuries ETFExpense ratio 1.18%1 year return
